The EU’s legislative bodies are preparing an updated and more harmonised data protection law (the “Regulation”) to replace the Directive 95/46/EC. The Regulation remains under negotiation, but it is clear that it will significantly change EU data protection law in several areas. It is anticipated that the text of the Regulation will probably be finalised in the first half of 2016.
Some claim that the reform is promising more than it will deliver. More in Reuters article.